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Is America strangling on red tape? Regulations have become voluminous and complex, and many claim that they now threaten to paralyze the government and stifle the economy. Gridlock and stagnation are commonplace, even a feature of our government. What can be done when cronyism corrupts competition, and compliance replaces common sense? Individuals lack the authority they need to exercise the personal judgment they must exercise to deal effectively with the problems that confront them. Is a radical restructuring and liberating simplification of the regulatory state urgently needed? Our experts held a stimulating discussion of the steps that can be taken.